Tabung Haji Unveils 3.1% Profit Distribution For 2023
Lembaga Tabung Haji (TH) has announced a profit distribution of 3.10% after zakat (tithes) for the financial year 2023.
According to reporting by The Star, Minister in the Prime Minister’s Department (Religious Affairs) Datuk Mohd Na’im Mokhtar recently made the announcement stating that the distribution of profits involved a sum of RM2.72 billion and would benefit more than 9.15 million TH depositors.
“TH has distributed profit distribution totalling RM42.88bil since it was established 60 years ago,” he said at a recent press conference.
Mohd Na’im also mentioned that the profit for 2023 was announced based on the audited financial statements and after taking into account the impairment in the value of investment properties in Saudi Arabia and the United Kingdom.
An announcement was also made regarding a RM101 million in zakat by TH to all state Islamic religious councils on behalf of depositors for last year. Mohd Na’im said that the payment was adjusted based on the proportion of depositors’ savings balances in each state.
“TH hopes that the zakat payments will help the government’s efforts to eradicate hardcore poverty throughout the country,” he said, adding that RM1.37 billion has been paid on behalf of depositors so far.
From 2 April onwards, TH depositors can check the profit credited into their respective accounts via the THiJARI platform, TH counters, Bank Islam and Bank Rakyat counters, as well as the electronic channels of TH’s strategic partner banks, such as Bank Islam, Bank Rakyat, Maybank Islamic, CIMB Islamic, and AmBank Islamic.
At the same time, TH CEO Syed Hamadah Syed Othman said that TH will prioritise responsible investment practices and adopt a diversified investment portfolio approach to ensure resilient, safe, and sustainable earnings potential due to its role as a savings institution primarily dedicated to facilitating the haj pilgrimage.
